Finding the Most Accurate Measure of Website Success
This post originally published on 1to1 Media.
For the past decade online marketers have focused on a single metric, almost to the exclusion of all others: conversion. They've implemented costly Web analytics systems, spent hours optimizing the "conversion funnel" to get more people to the shopping cart, and, above all, have focused on getting as many people to complete a purchase as possible. But conversion rates among leading retailers still hover around 2 to 3 percent.
It's time to ditch the idea that conversion is the be-all and end-all of online marketing success. The fact is, not everyone comes to your site looking to buy something. Recent research shows that 84 percent of website visitors are not there to make a purchase; instead, they are looking to obtain information, compare prices, browse products, find out a store location or store hours, get product support, or simply look at pictures and watch videos. That's why the real measure of marketing success is not hard conversion, but task completion. Make no mistake about it: If your site visitors aren't able to complete the tasks they set out to do, they won't consider purchasing from you again, either online or in-store.
Let's look at the numbers. Recently iPerceptions conducted a study of 50,000 online consumers. Just 16 percent of respondents said they visit an e-commerce website with the intention of buying something; the others are there to complete other tasks.
Consequently, every e-commerce site needs to get real feedback from actual visitors to get answers to four essential questions:
What are my visitors at my website to do?
Are they completing what they set out to do?
If not, why not?
How satisfied are my visitors?
If you don't know the answers to these questions, and are spending serious money on technologies and teams to move the dial on your conversion rate, you're making a big mistake. Fundamentally, you are not optimizing your website for the other 84 percent (or 98 percent as is often the case, given a conversion rate of 2 percent) of people who come to your site to do something other than buy things. Find out what they want and then give it to them: information, price comparison, ratings and reviews, store locations, blogs and videos, etc. And then, when they come back to your site a second, third, fourth, or fifth time, continue to give them what they want—until they are finally ready to make a purchase.
The other reason online conversion alone is a poor measure of marketing success is that it doesn't take into account customer satisfaction as a driver of in-store or future purchases. But if you measure task completion, you can know with certainty whether your customers are satisfied—even those who never planned to buy something on your site. Task completion has been proven time and again to be highly predictive of visitor satisfaction.
Satisfied customers who complete their primary tasks buy more, that's a fact borne out by the recent survey responses of 10,000 online customers. Visitors who completed their primary purposes were twice as likely to make a repeat visit, while 67 percent of these "task completers" reported enhanced brand opinion (versus only 18 percent for those who did not complete their intended tasks). Additionally, 60 percent of "task completers" reported a higher future likelihood to purchase either online or offline (versus only 14 percent for those who did not).
Measuring task completion also lets you find out whether the people who are at your site to buy actually do end up buying something—which is a much more valuable metric to have than just knowing how many people end up purchasing an item. In the survey cited above, we found that only half of visitors who go to a site with a distinct intent to buy products end up completing their tasks. That means half of the visitors with a clear intent to buy walk away because sites aren't delivering what they wanted. That's a sobering number.
If you aren't focusing on finding out what tasks your visitors want to accomplish, and then delivering the tools and information they need to complete those tasks, you are missing out on countless sales opportunities. Give conversion a break, and focus on getting your task completion rates above the e-commerce industry average of 68 percent. With tons of satisfied site visitors, those conversion rates will spike after all.







